Jacobs Receives Program Management Oversight Contract From Peninsula Corridor Joint Powers Board

PASADENA, Calif., Dec. 9 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a program management oversight services contract from the Peninsula Corridor Joint Powers Board (JPB) that continues its existing relationship and expands it to also serve SamTrans and the San Mateo County Transportation Authority (SMCTA) agencies.

Officials estimated the value of the 5-year contract at $17.5 million.

Building on our previous work with JPB, Jacobs will provide resources and expertise to help all three agencies advance their programs -- Caltrain 2025, SamTrans' 2020 Strategic and 10-Year Short Range Transit plans, and the San Mateo County Measure A Expenditure plan.

Jacobs will provide capital program and project management oversight services that include program and project scheduling; schedule management and control; project budget management and control, including implementing earned value performance measurement on projects; project cash flow development and management; program and project scope development and control; document control and records management; and assisting with federal, state, and regional transportation grant and fund programming processes.

In making the announcement, Jacobs Group Vice President Robert Clement stated, "We are pleased to continue our relationship with the Joint Powers Board and to expand our service to SamTrans and SMCTA. Our business is built on continuing service to our clients which allows us to deliver a strong value proposition to them and their stakeholders."

Jacobs, with over 57,000 employees and revenues exceeding $11.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2007 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

SOURCE Jacobs Engineering Group Inc. -0- 12/09/2008

CONTACT:
Michelle Jones of Jacobs Engineering Group Inc., +1-626-578-6968
Web site: http://www.jacobs.com